Grindr Stock Surges 10% As Company Reportedly May Go Private

Shares of Grindr were up as much as 11% on Monday afternoon after Semafor reported shareholders are considering taking the company private in a deal that would value the LGBTQ dating app at $3 billion.Raymond Zage and James Lu, majority shareholders in Grindr, are seeking to take the company private after Temasek, a private lender which made personal loans to at least one of the two men, reportedly seized some shares last week and sold them. Grindr’s owners are now in a "precarious personal financial positi ...